Level of skill for trading with Elliott Wave Principle

Trading with Elliott Wave Principle requires Pattern Recognition, also it is the skill, so Practice, Practice and Practice.

Level of skill

1. Level 1 –> Can understand the basic rules and guidelines.
2. Level 2 –> Can understand the other people’s wave count.
3. Level 3 –> Can identify the history EW pattern.
4. Level 4 –> Can create the trading set-up plan.

Keep in your mind that:

1. Trade the pattern, not the count.
2. Stick to you trading set-up plan.
3. The only thing you can control is the RISK.